Bio-Treat Technology Limited offered water environmental services. The company provided water environment management, sewage treatment, water engineering construction, and technology development services. Bio-Treat Technology Limited mainly conducted businesses domestically.
The company defaulted on convertible bonds, which triggered a default on its HK 360million loan from a former substantial shareholder. There was considerable delay of 4 months in disclosing the defaults after it occurred. This lack of disclosure was later picked up upon by SGX when they were queried on their FY 2009 results. This company has now reformed and named China Everbright.
Bio-Treat Technology Limited: Annual Report, 15 Oct 2007